Nifty Futures 10.30AM Call
10.30AM: Nifty Futures opened today at 4785 against its previous close of 4751, and is currently trading at 4823. It has so far recorded a HIGH of 4843 & a LOW of 4782. Asian cues are positive, US futures are in green, and European markets may open in positive today. The trading range for NF today is likely to be 4780-4870.
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Market Close Report
3.30PM: Nifty futures closed the day at 4832, up 81 points, after touching a low of 4782 & a high of 4849.
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NIFTY OUTLOOK
Nifty today traded above its current supply zone of 4820 for a substantial part of the day, duly absorbing the supplies, and closed the day at 4827, up 70 points. FIIs net bought 212cr & DIIs net bought 61cr. Nifty may produce a pre budget rally next week, giving a deceptive feeling of a trend reversal.
Nifty levels for 15.02.10 Monday are: PIVOT 4809, R1 4861 & R2 4896, S1 4775 & S2 4723.
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